Market Week in Review

• S&P 500 2,049.58 +1.35%*

The Weekly Wrap by Briefing.com.

*5-Day Change

Weekly Scoreboard*

Indices

• S&P 500 2,049.58 +1.35%

• DJIA 17,602.30 +2.26%

• NASDAQ 4,795.65 +.99%

• Russell 2000 1,101.67 +1.30%

• S&P 500 High Beta 29.36 +2.19%

• Goldman 50 Most Shorted 98.43 +.34% 

• Wilshire 5000 21,050.44 +1.34%

• Russell 1000 Growth 990.90 +1.33%

• Russell 1000 Value 975.08 +1.38%

• S&P 500 Consumer Staples 540.05 +.80%

• Solactive US Cyclical 130.38 +3.39%

• Morgan Stanley Technology 1,039.57 +1.50%

• Transports 8,075.69 +4.97%

• Utilities 658.54 +1.76%

• Bloomberg European Bank/Financial Services 82.98 -3.44%

• MSCI Emerging Markets 33.85 +2.96%

• HFRX Equity Hedge 1,112.31 +.89%

• HFRX Equity Market Neutral 1,008.30 +.01%

Sentiment/Internals

• NYSE Cumulative A/D Line 236,885 +1.65%

• Bloomberg New Highs-Lows Index 87 +80

• Bloomberg Crude Oil % Bulls 44.7 +56.6%

• CFTC Oil Net Speculative Position 269,856 +10.48%

• CFTC Oil Total Open Interest 1,782,857 -1.85%

• Total Put/Call .69 -31.68%

• OEX Put/Call .20 -83.74%

• ISE Sentiment 115.0 +22.3%

• NYSE Arms 1.14 +44.3%

• Volatility(VIX) 14.34 -13.51%

• S&P 500 Implied Correlation 58.92 -1.23%

• G7 Currency Volatility (VXY) 10.25 -1.91%

• Emerging Markets Currency Volatility (EM-VXY) 11.55 -.94%

• Smart Money Flow Index 18,964.92 +2.45%

• ICI Money Mkt Mutual Fund Assets $2.762 Trillion -1.43%

• ICI US Equity Weekly Net New Cash Flow -$.235 Billion

• AAII % Bulls 30.0 -19.8%

• AAII % Bears 26.9 +10.2%

Futures Spot Prices

• CRB Index 176.41 +2.11%

• Crude Oil 39.60 +4.23%

• Reformulated Gasoline 143.37 -.34%

• Natural Gas 1.91 +6.25%

• Heating Oil 124.73 +3.23%

• Gold 1,253.90 +.12%

• Bloomberg Base Metals Index 146.43 +.95%

• Copper 228.70 +1.99%

• US No. 1 Heavy Melt Scrap Steel 170.67 USD/Ton +8.25%

• China Iron Ore Spot 57.50 USD/Ton +.72%

• Lumber 298.0 +1.78%

• UBS-Bloomberg Agriculture 1,065.53 +1.11%

Economy

• ECRI Weekly Leading Economic Index Growth Rate -2.3% +80.0 basis points

• Philly Fed ADS Real-Time Business Conditions Index -.1794 +5.23%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 123.02 +.06%

• Citi US Economic Surprise Index -.20 +9.1 points

• Citi Eurozone Economic Surprise Index -45.90 +8.9 points

• Citi Emerging Markets Economic Surprise Index -18.70 +2.6 points

• Fed Fund Futures imply 96.0% chance of no change, 4.0% chance of 25 basis point hike on 4/27

• US Dollar Index 95.05 -1.25%
• MSCI Emerging Markets Currency Index 1,491.12 +.82%

• Euro/Yen Carry Return Index 131.34 -1.04%

• Yield Curve 104.0 +2.0 basis points

• 10-Year US Treasury Yield 1.87% -11.0 basis points

• Federal Reserve's Balance Sheet $4.448 Trillion +.12%

• U.S. Sovereign Debt Credit Default Swap 19.72 -3.45%

• Illinois Municipal Debt Credit Default Swap 342.0 -3.02%

• Western Europe Sovereign Debt Credit Default Swap Index 28.18 +2.28%

• Asia Pacific Sovereign Debt Credit Default Swap Index 61.16 -7.67%
  

• Emerging Markets Sovereign Debt CDS Index 156.55 -3.23%
  

• Israel Sovereign Debt Credit Default Swap 80.13 +4.53%

• Iraq Sovereign Debt Credit Default Swap 1,063.53 unch.

• Russia Sovereign Debt Credit Default Swap 274.59 -3.09%

• iBoxx Offshore RMB China Corporates High Yield Index 126.35 +.85%

• 10-Year TIPS Spread 1.62% +7.0 basis points

• TED Spread 36.0 +4.0 basis points

• 2-Year Swap Spread 8.0 +2.75 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -20.0 +2.5 basis points

• N. America Investment Grade Credit Default Swap Index 83.58 -.47%

• America Energy Sector High-Yield Credit Default Swap Index 1,645.0 -10.77%

• European Financial Sector Credit Default Swap Index 80.33 +6.4%
  

• Emerging Markets Credit Default Swap Index 300.44 -6.39%
  

• CMBS AAA Super Senior 10-Year Treasury Spread  to Swaps 170.0 unch.

• M1 Money Supply $3.083 Trillion -2.26%

• Commercial Paper Outstanding 1,097.50 +1.20%

• 4-Week Moving Average of Jobless Claims 268,000 +500

• Continuing Claims Unemployment Rate 1.6% unch.

• Average 30-Year Mortgage Rate 3.73% +5.0 basis points

• Weekly Mortgage Applications 481.0 -3.28%

• Bloomberg Consumer Comfort 44.3 +.5 point

• Weekly Retail Sales +.60% -10.0 basis points

• Nationwide Gas $1.97/gallon +.17/gallon

• Baltic Dry Index 392.0 +1.0%

• China (Export) Containerized Freight Index 670.11 -5.03%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 50.0 +33.3%

• Rail Freight Carloads 245,902 -7.27%

Best Performing Style

• Small-Cap Value +1.5%

Worst Performing Style

• Small-Cap Growth +1.0%

Leading Sectors

• Gaming +5.3%

• Oil Tankers +5.0%

• Gold & Silver +4.7%

• Road & Rail +4.3%

• Papers +4.1%

Lagging Sectors

• HMOs -.9% 

• Oil Service -.9%

• Education -1.9%

• Biotech -4.0%

• Drugs -4.2%

Weekly High-Volume Stock Gainers (14)

• RSTI, TFM, FNSR, INGN, PRSC, PLCE, PKOH, FTD, MCRN, BOJA, MIK, HOT, CBPX and PEN

Weekly High-Volume Stock Losers (10)

• ALR, JBL, SHLM, ZUMZ, STCK, MNK, GES, FNBC, ACOR and VRX

Weekly Charts

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Rising Midday on Central Bank Hopes, Less Emerging Markets/US High-Yield Debt Angst, Short-Covering, Healthcare/Gaming Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Mixed
  

• Volume: Above Average

• Market Leading Stocks: Outperforming
  

Equity Investor Angst:

• Volatility(VIX) 13.82 -4.16%

• Euro/Yen Carry Return Index 131.56 -.17%

• Emerging Markets Currency Volatility(VXY) 11.55 unch.

• S&P 500 Implied Correlation 56.91 -1.57%

• ISE Sentiment Index 164.0 +42.6%

• Total Put/Call .59 -11.94%

• NYSE Arms 1.01 -4.4% 

Credit Investor Angst:

• North American Investment Grade CDS Index 83.42 +.1%

• America Energy Sector High-Yield CDS Index 1,651.0 -13.0%

• European Financial Sector CDS Index 81.54 +1.45%

• Western Europe Sovereign Debt CDS Index 28.18 +1.70%

• Asia Pacific Sovereign Debt CDS Index 61.10 -1.28%

• Emerging Market CDS Index 298.25 -2.11%
  

• iBoxx Offshore RMB China Corporate High Yield Index 126.35 +.35%

• 2-Year Swap Spread 8.25 +1.25 basis points
  

• TED Spread 36.0 +1.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -19.75 +.5 basis point
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 71.69 -.24%
• 3-Month T-Bill Yield .28% unch.

• Yield Curve 104.0 unch.
  

• China Import Iron Ore Spot $57.50/Metric Tonne +2.51%

• Citi US Economic Surprise Index -.2 +.1 point

• Citi Eurozone Economic Surprise Index -45.90 +.3 point

• Citi Emerging Markets Economic Surprise Index -18.70 -.2 point

• 10-Year TIPS Spread 1.63% +4.0 basis points
• 36.6% chance of Fed rate hike at June 15 meeting, 44.2% chance at July 27 meeting

Overseas Futures:

• Nikkei 225 Futures: Indicating -34 open in Japan 
• China A50 Futures: Indicating +81 open in China

• DAX Futures: Indicating +31 open in Germany

Portfolio: 

• Higher: On gains in my tech/retail/biotech/medical sector longs 
  

• Disclosed Trades: None

• Market Exposure: 50% Net Long

Bear Radar

Style Underperformer:

• Mid-Cap Value +.3%.

Sector Underperformers:

• 1) Oil Tankers -2.2% 2) Coal -1.9% 3) Oil Service -.9%

Stocks Falling on Unusual Volume:

• CPS, CPPL, EGRX, FIS, TRP, REG, OGS, TITN, CRR, VRX, LIVN, TCP, AVA, HLF, TM, BMS, KHC, AKRX, CMG, IDA, TOWR, WGL, SFLY, MO, TRIP, APLP, CBL and CRR

Stocks With Unusual Put Option Activity:

• 1) SM 2) SYK 3) CLF 4) TIF 5) BIIB

Stocks With Most Negative News Mentions:

• 1) JBL 2) KMT 3) MU 4) PBR 5) PYPL

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer: 

• Small-Cap Value +.8%

Sector Outperformers:

• 1) Hospitals +3.5% 2) Gaming +2.6% 3) Disk Drives +2.1% 
  

Stocks Rising on Unusual Volume: 

• CPGX, ADBE, LXU, WYNN, SEL, OLLI and CALD

Stocks With Unusual Call Option Activity: 

• 1) HST 2) SE 3) NFX 4) WYN 5) MDVN

Stocks With Most Positive News Mentions: 

• 1) ADBE 2) SCVL 3) WYNN 4) RTN 5) HOT

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume